Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
AMEC, a British firm that operates in the engineering sector, is to create 150 new jobs in Billingham, Teeside, by August 2008. The announcement follows the firm opening a new site in Billingham at which engineering design work will be carried out. The opening of the new site will also safeguard the jobs of 150 design staff that the firm had previously announced might be at risk due to the decline of shipbuilding in the North-east of England. Initially, the Billingham site will employ 150 AMEC workers relocated from Wallsend to the Billingham site, but 150 new employees will be recruited by August 2008. The firm said it was working to meet growing demand for oil and gas projects in the North Sea, West Africa, Russia, the Middle East and China. AMEC chief operating officer Neil Bruce, said: ‘We are proud to continue our investment in the North East and to help with job creation.’ ‘[Billingham] will become a key engineering hub for AMEC, generating prosperity for both the UK and the North East.’ Ian Williams, director of business and industry at regeneration agency One NorthEast, added: ‘AMEC has been based in the North East for more than three decades and in that time has gone through many changes.’ ‘This move will help AMEC expand its business and create new skilled jobs in the region.’
Eurofound (2007), AMEC, Business expansion in United Kingdom, factsheet number 65702, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/65702.
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